Market turbulence leaves Shares Race wide open

The top three places have been swapped again in week five of the six-week race.

All our racers’ portfolio values are down after the Australian sharemarket hit a two-month low this week.

But last week’s race leader, Hina Chowdhary of Kalkine, has had the worst of it, slipping to third place after her portfolio value fell to $99,732 from $108,956 last week.

Her pick of clinical-stage biotechnology company Telix Pharmaceuticals remains the best performer of all the tipsters’ picks, but all of her other picks are down on last week.

The Shares Race is wide open with one week to go.Credit:Fairfax Media

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Money Reader Joan Ponsford has moved into first place with a total portfolio value of $103,512 with “buy now, pay later app” Afterpay and online retailer Kogan and Nearmap, the geospatial map technology company, continuing to be her best performers.

Dinesh Gulati, senior analyst at Veye, an equities research firm, is in second place from third last week.

His best pick, the organic fertiliser manufacturer and supplier Fertoz, has defied the broader trend by increasing its shares price. Gulati’s original $10,000 in Fertoz is worth $13,611 from $10,556 last week.

As of the close on Thursday, the cut-off for the shares race, the S&P/ASX 200 finished the week at 6160 points, down 3 per cent.

Shares Race is a fantasy share trading game. Players start with $100,000 divided equally among 10 ASX-listed stocks. This game started on August 2 and will run for six weeks.